European Union - Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in European Union was 69.32 as of 2020. Its highest value over the past 60 years was 73.51 in 2018, while its lowest value was 26.84 in 1962.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1960 27.94
1961 27.63
1962 26.84
1963 26.93
1964 27.30
1965 27.41
1966 28.34
1967 27.49
1968 28.19
1969 30.05
1970 31.10
1971 30.89
1972 31.03
1973 33.30
1974 39.78
1975 35.96
1976 38.92
1977 38.83
1978 37.56
1979 39.85
1980 41.51
1981 43.40
1982 43.06
1983 42.69
1984 45.24
1985 46.02
1986 40.03
1987 39.33
1988 39.74
1989 41.82
1990 40.30
1991 39.22
1992 37.73
1993 37.47
1994 40.51
1995 43.19
1996 43.72
1997 47.05
1998 48.53
1999 51.98
2000 59.72
2001 58.78
2002 56.93
2003 56.28
2004 58.91
2005 61.60
2006 65.45
2007 66.92
2008 67.97
2009 57.27
2010 65.29
2011 70.71
2012 71.76
2013 70.56
2014 70.29
2015 70.38
2016 69.04
2017 71.98
2018 73.51
2019 72.45
2020 69.32

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade